CME to launch micro ETH futures on December 6

The Chicago Mercantile Exchange (CME) will launch Micro Ether futures on Dec. 6, pending regulatory review, the exchange announced Tuesday.

The CME already offers a number of crypto derivative products including 20 Micro products such as Micro Bitcoin futures, which were launched in May.

The Micro Bitcoin futures product organizes futures around 1/10th of a bitcoin. Similarly, the Micro Ether futures will also be sized at 1/10th of one ether.

The company said the new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate, which is used as a daily reference rate of the U.S. dollar price of ether.

The much-anticipated futures contracts for ether, the native cryptocurrency of the Ethereum blockchain network, launched in February.

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